Gary -
Re: your financial/house stuff - - -
Based on what you're wanting to have for a monthly mortgage - using a 4.8% rate (just picking what seems to be a reasonable average nowadays - actual rate can obviously differ), you should be looking for around a $65-75K mortgage which, given your down payment, would have you looking for a home in the $165-175k range. Very doable in TV. You won't get the biggest or the most grandiose place in the neighborhood but you'll find a number of nice homes well within that price range.
Fair guestimate for your monthly overhead for taxes, H.O. insurance, all utilities, amenitity fee, lawn and landscaping care, a reasonable bond amount, and so on should be around $1k plus or minus. That's just a ballpark - others will have specifics to offer, I'm sure. A lot of your monthly expense can be influenced by whether or not you do your own lawn and landscaping care, how much you decide to pay for things like phone, internet access, cable/satellite service, and the like.
So those two numbers add up to a monthly outlay of around $1,400. Given your projected monthly gross income of around $4,300, I'd say you'd be in great shape........unless, of course, you've got a number of other regular monthly financial commitments like a car payment, credit card balances, and so on.
Sounds like you should be in a real positive financial position to me! JMHO
Bill
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